A recent article released by Terry Savage of the Chicago Sun-Tims tells us about a new “Leading Edge” John Hancock policy that she claims simplifies the choices, lowers the costs, and makes buying a long-term-care policy much easier.
Long term disability insurance and long term care insurance are two quite different things.
Here are 12 cardinal long term care insurance rules you must know:
While every business has it’s seedier elements, I’ve known parts of the insurance industry from the inside, and I now believe that the vast majority of the suspicions about & accusations leveled against “insurance” are due to 1. the accuser’s ignorance of risk, probabilities & the insurance mechansim, and 2. the unconscious, projected, larcenous intentions & impulses of the accuser himself.
There are really only five major elements to understand when considering the purchase of long term care insurance protection. These elements will help you craft a policy that provides meaningful protection, whether you need care and make your claim soon after purchase or decades in the future.
A qualified long-term-care policy is considered health insurance under the federal income tax rules, so when you personally buy a qualified policy, the premiums you pay are treated as medical expenses for itemized-deduction purposes on Schedule A. However, there are limits, which can be discussed…
There are several newer factors in today’s Long Term Care Insurance decisions. LTC insurance isn’t the new kid on the block anymore, insurance carriers are getting a lot smarter about how they write their plans, and America’s financial advisers are getting a lot more savvy about how to choose them.
Woah, Nellie! As millions of folks recover from the challenging choices among prescription drug plans, Uncle Sam is now forcing another health care decision. And this one’s a whopper, says Clay Cotton of the online LTCi Buyer’s Advocate Alliance.
Decision paralysis, pure and simple. That’s why many Americans fail to buy long term care insurance, and boy are they ever sorry. These are the conclusions of a study commissioned by the AARP Public Policy Institute.
The choice to purchase long-term care insurance is a very important choice and one that can’t be made in a hurry.
